Supply curve shifts more than the demand curve

Assignment Help Business Economics

Reference no: EM131169248

Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the? right, but the supply curve shifts more than the demand curve. As a result

A. both the equilibrium price and quantity of DVD players will decrease.

B. the equilibrium price of DVD players will? decrease; the equilibrium quantity may increase or decrease.

C. the equilibrium price of DVD players may increase or? decrease; the equilibrium quantity will increase.

D. the equilibrium price of DVD players will? decrease; the equilibrium quantity will increase.

Reference no: EM131169248

Questions Cloud

If the demand for product is unit-elastic : If the demand for a product is unit-elastic, a 25 percent increase in its price will result in: a. no change in quantity demanded. b. a 25 percent decrease in quantity demanded. c. a 25 percent change in total revenue. d. a 100 percent change in quan..

Total investment spending : In? 2011, Kendall? Ford, an automobile? dealership, spent? $20,000 on a new car lift for its repair? shop, $2,000 on a new copy machine for its sales? division, and? $600,000 on Ford Motor company stock. Unsold cars and trucks were valued at? $400,00..

Competitiveness is the global competitiveness report : Part of developing a long-term R&D strategy is to locate facilities in countries which are widely known to be competitive. Your company seeks to develop R&D facilities in Asia to counter recent competitor responses. A publication which evaluates econ..

Product of the store across street is substitute for product : Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the _____ for the products is positive.

Supply curve shifts more than the demand curve : Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the? right, but the supply curve shifts more than the demand curve.

Firm uses capital to produce revenue : A firm uses capital to produce revenue. The marginal revenue from the first 5 units of capital is as follows: 1st unit has MR 2.30, 2nd unit has MR 1.9, 3rd unit has MR 1.70, 4th unit has MR 1.35, and 5th unit has MR 1.15. If the interest rate is 50%..

Gasoline to cover the costs of a huge oil spill : Can an oil company raise the price of its gasoline to cover the costs of a huge oil spill for which it is liable? What would happen if ExxonMobil, for example, raised the refinery prices of gasoline at a time when other refiners were not raising thei..

Developing safety standards for informatics : As we continue through the week, let's research the Quality and Safety Education in Nursing (QSEN) website for informatics. How does this organization aid in developing safety standards for informatics?

Using fiscal and monetary policies to stabilize the economy : Identify five to ten policies the government uses to stabilize the economy and summarize the arguments for and against using fiscal and monetary policies to stabilize the economy.

User Account

All Pages